Monthly Options is trading trading at 352, 27000 put options
Magic Number is 395
Atleast it should be above these for 4 to 8 – 10 hours
Close or trading above 395, by Thursday afternoon, bears are in serious game, they will push upto
– 540-575, 620-640
Then, if they have stamina they will hold at high price or fall!
Now the other view –
Below 395, I don’t know where it will close, however bulls will bring them to 180 to 80 first, it’s tough but not impossible in markets, the next stop is 0
First rule is don’t predict markets
Trade less, Trade options from savings money
Sagar U.S
